The port also can handle up to 26million tonnes per annum.The...

The port also can handle up to 26million tonnes per annum.The more i research JAL,i know the BFS will be a nobrainer.Forst year production i think will be 1,000,000 tonnes then ramp up production to 2 or 3million tonnes per annum.The company is going to want to get the optimum price for their coal and if what all the analysts are saying comes true,we will see the price of coal closer to US$300 per tonne so imagine the rerating of the share price should we produce 2,000,000 tonnes per annum at US$300 per tonne.I can now see why Merryl Lynch and Bank Of America and rubbing their hands together and are accumulating.
I tend to think that their first substantial holders notice back on the 14/01/2010 gave them the ability to manipulate the share price down and what we are seeing is more accumulation at lower prices as per their 29/03/2010 Increase in substantial holders notice.Get in people.